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    kkymicky Posts: 1, Reputation: 1
    New Member

    Jan 19, 2015, 04:02 AM
    Dividend by way of contra account
    When a dividend is paid by way of contra of account i.e offset the amount due to company, is classified as distribution in specie?
    AK lawyer's Avatar
    AK lawyer Posts: 12,592, Reputation: 977

    Jan 19, 2015, 07:15 AM
    I don't think so. This is the definition of specie. I'm not sure what country you are in; you appear to be asking an accounting question; but as I understand it, you are talking about an offset, not payment in coins.

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